You may have read that the government are changing the rules relating to IR35 with effect from 6th April 2020. So what is IR35 and what are the changes? What is IR35? IR35 or 'off-payroll working' is a set of rules introduced by the government in 2000 designed to stop...
Over recent years, there have been many changes to how Buy to Let Properties are taxed; removal of the Wear and Tear allowance, changes to stamp duty, changes to treatment of how mortgage interest is treated to name a few. In light of these changes, many landlords are...
As part of the March 2015 budget, HMRC announced plans to replace the Self Assessment Tax return system with digital tax accounts under it's Making Tax Digital overhaul of the UK tax system. So what does Making Tax Digital mean to you? As it stands, and it may change,...
There were lots of measures announced in the Budget 2016 but here are some of the highlights for small business owners: Corporation Tax rate is being cut to 17% by 2020 Entrepreneur's Relief rules were amended. Full details are here. Stamp Duty for small businesses -...
Have you missed the 31st January Self Assessment filing deadline? If you have missed the deadline of 31st January, HMRC will have already given you a fine of £100, there are further fines imposed if you are 30 days late, 3 months late, 6 months late and 6 months late....
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